if a business operates as a sole proprietorship, what kind of liability does the owner have for any debts the business owes? Write your answer in 1-2 sentences.

(2 points)

Question

if a business operates as a sole proprietorship, what kind of liability does the owner have for any debts the business owes? Write your answer in 1-2 sentences.

(2 points)

GPT-5 mini · Answer

In a sole proprietorship the owner has unlimited personal liability for the business’s debts; creditors can go after the owner’s personal assets (bank accounts, home, etc.) to satisfy business obligations.

if a business operates as a sole proprietorship, what kind of liability does the owner have for any debts the business owes? Write your answer in 1-2 sentences.

(2 points)

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if a business operates as a sole proprietorship, what kind of liability does the owner have for any debts the business owes? Write your answer in 1-2 sentences. (2 points)

All Answers 1